Or. Admin. Code § 340-273-0830 - Holding Community Climate Investment Credits
(1) After DEQ distributes a CCI credit to a
covered entity according to OAR 340-273- 0820, the covered entity may continue
to hold the CCI credit until any of the following apply:
(a) The covered entity uses the CCI credit
toward its demonstration of compliance according to OAR 340-273-0450;
(b) Two demonstration of compliance deadlines
described in OAR 340-273-0450(2) have passed since the date DEQ provided
written notice of its approval of the CCI credit to the covered entity
according to OAR 340-273-0820 and the covered entity has not used the CCI
credit in its demonstration(s) of compliance. In such a case, DEQ will cancel
the CCI credit. A cancelled CCI credit may not be used toward demonstration of
compliance; or
(c) The covered
entity has ceased being a covered entity according to OAR 340-273-0130. When a
covered entity ceases to be a covered entity, DEQ will cancel the CCI credit at
the time of such cessation. A cancelled CCI credit may not be used toward any
demonstration of compliance.
(2) Only the covered entity that receives a
CCI credit from DEQ may hold the CCI credit. CCI credits may not be
traded.
Notes
Statutory/Other Authority: ORS 468.020, 468A.025 & 468A.040
Statutes/Other Implemented: ORS 468.020, 468A.025, 468A.040, 468.035, 468A.010, 468A.015 & 468A.045
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